Public debt ‘manageable’, Lao PM says
VIENTIANE (Vientiane Times/ANN) – Public debt is ‘manageable’ because the government has measures in place to effectively cope with it, Prime Minister Thongloun Sisoulith said in an interview with the Nikkei Asian Review last week.
The prime minister, who was visiting Japan for the Future of Asia conference, said Laos is currently in debt to multiple countries and organisations including China, Japan, Vietnam, and the World Bank.
At the end of 2018, Laos’ public debt rose to about US$9.761 billion. This was a 14.02 percent increase over the amount owed a year earlier, according to the Bank of the Lao PDR.
Souksakhone Vaenkeo
http://annx.asianews.network/content/public-debt-%E2%80%98manageable%E2%80%99-lao-pm-says-97834
